The scope of UK GAAP; concepts and pervasive principles; presentation of financial statements; statement of cash flows; consolidated and separate financial statements; Accounting policies, estimates and errors
Financial instruments; inventories; investments in associates; investment in joint ventures; investment property; property, plant and equipment
Intangible assets other than goodwill; business combinations and goodwill
Leases; provisions and contingencies; revenue; grants, borrowing costs
Share based payment; impairment of assets; employees benefits; income tax
Foreign currency translation; hyperinflation; events after the end of the reporting period; related party disclosures
Service concession arrangements; agriculture; retirement benefit plans; heritage assets; public benefit entities; funding commitments; extractive industries; financial institutions; incoming resources from non-exchange transactions

Autorentext

Ernst & Young is a global leader in professional services with some 114,000 people based in 140 countries. Around the world the firm is committed to pursuing the highest levels of integrity, quality, and professionalism in delivering a broad inventory of services to their clients. By connecting their people's talents, Ernst & Young provides solutions to clients based on financial, transactional, and risk-management knowledge in its core services of audit, tax, and transactions.
The UK Financial Reporting Group of Ernst & Young is based in London.

Zusammenfassung

The New UK GAAP has now been in effect for two years. UK GAAP 2017 is fully updated to reflect the application of the new standard in practice.

UK GAAP 2017 focusses on each area of the financial statement in turn and explains how they are treated by FRS 102. Topics covered include:

The scope of UK GAAP; concepts and pervasive principles; presentation of financial statements; statement of cash flows; consolidated and separate financial statements; Accounting policies, estimates and errors
Financial instruments; inventories; investments in associates; investment in joint ventures; investment property; property, plant and equipment
Intangible assets other than goodwill; business combinations and goodwill
Leases; provisions and contingencies; revenue; grants, borrowing costs
Share based payment; impairment of assets; employees benefits; income tax
Foreign currency translation; hyperinflation; events after the end of the reporting period; related party disclosures
Service concession arrangements; agriculture; retirement benefit plans; heritage assets; public benefit entities; funding commitments; extractive industries; financial institutions; incoming resources from non-exchange transactions

Inhalt

1 FRS 100 - Application of financial reporting requirements 1

2 FRS 101 - Reduced disclosure framework 57

3 Scope of FRS 102 113

4 Concepts and pervasive principles 159

5 FRS 102 - Small entities 175

6 Presentation of financial statements 283

7 Statement of cash flows 497

8 Consolidated and separate financial statements 519

9 Accounting policies, estimates and errors 589

10 Financial instruments 605

11 Inventories 715